Authentic Stone
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 10-07-2026 PDF
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 15 |
| full-time | 4 |
| part-time | 11 |
| in full-time equivalents | 9.1 |
| Average over the year, in full-time equivalents | 9.3 |
| On a permanent contract | 4 |
| Joined | 41 |
| Left | 35 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €1,177 |
| Intangible fixed assets | €6,416 |
| Depreciation and write-downs of the year | €24,192 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €3,655 awarded · €3,635 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,040 | €3,635 |
| 2024 | 1 | €2,615 | €0 |
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €337,413 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,192 |
| Other operating charges640/8 | €3,912 |
| Gross operating margin9900 | €377,850 |
| Operating profit (loss)9901 | €12,333 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €934 |
| Recurring financial charges65 | €934 |
| Profit (loss) for the period before taxes9903 | €11,399 |
| Income taxes67/77 | €8,093 |
| Profit (loss) for the period9904 | €3,307 |
| Profit (loss) for the period to be appropriated9905 | €3,307 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €242,846 | |
| Fixed assets21/28 | €36,150 | |
| Intangible fixed assets21 | €20,478 | |
| Tangible fixed assets22/27 | €15,473 | |
| Furniture and vehicles24 | €15,473 | |
| Financial fixed assets28 | €200 | |
| Current assets29/58 | €206,696 | |
| Amounts receivable after more than one year29 | €203,950 | |
| Trade receivables290 | €203,800 | |
| Other amounts receivable291 | €150 | |
| Cash at bank and in hand54/58 | €1,088 | |
| Deferred charges and accrued income490/1 | €1,658 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €242,846 | |
| Equity10/15 | €47,967 | |
| Contributions10/11 | €1,050 | |
| Reserves13 | €46,917 | |
| Non-distributable reserves130/1 | €105 | |
| Reserves not available under the articles1311 | €105 | |
| Distributable reserves133 | €46,812 | |
| Amounts payable17/49 | €194,879 | |
| Amounts payable within one year42/48 | €194,879 | |
| Trade debts44 | €153,567 | |
| Suppliers440/4 | €153,567 | |
| Taxes, remuneration and social security45 | €41,098 | |
| Taxes450/3 | €24,373 | |
| Remuneration and social security454/9 | €16,725 | |
| Other amounts payable47/48 | €215 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €3,307 |
| + Depreciation and write-downs630 | €24,192 |
| Operating cash flow (approximation) | €27,498 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,274 companies had the same profile as Authentic Stone has now. Two years later, 94.7% were still going and 2.5% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Authentic Stone itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for Authentic Stone. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00277179 |